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Is the Value of The Company Affected by Company Investment Decisions and Financing Decisions? Ramon Arthur Ferry Tumiwa; John Ronaldo Michael Apituley; Stevie Alan Lasut
Journal of International Conference Proceedings (JICP) Vol 3, No 2 (2020): Proceedings of the 7th International Conference of Project Management (ICPM) Man
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (278.84 KB) | DOI: 10.32535/jicp.v0i0.909

Abstract

This study aims to examine and analyze whether investment and financing decisions have a significant effect on the firm value of manufacturing companies listed on the Indonesia Stock Exchange. This study uses data from food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the period 2013 to 2017. The analyzed companies are 13 companies based on sample criteria. The analysis method used is panel data analysis by using Microsoft Excel and Eviews 10 software. The results of this study found that investment decisions have a positive effect but not significant on firm value and financing decisions have a significant and positive effect on firm value in the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange.
The Effect of Scarcity, Serendipity and Website Quality on The Urge to Buy Impulsively and Its Implication on Online Impulsive Buying of Consumer in Manado City Nova Christian Mamuaya; Ramon Arthur Ferry Tumiwa
Journal of International Conference Proceedings (JICP) Vol 1, No 1 (2018): Proceedings of the 1st International Conference of Project Management (ICPM) Mal
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (12.417 KB) | DOI: 10.32535/jicp.v1i1.193

Abstract

The purpose of this research is to analyze the effect of scarcity, serendipity and website quality on the urge to buy impulsively as well as the effect of scarcity, serendipity, website quality and the urge to buy impulsively on online impulse buying. The samples are using 100 people of Manado City that did online shopping and impulsively with convenience sampling; instrument questionnaire with Likert Scale and structural equation modeling analysis technique with SmartPLS 3.0. The result of this research shows that scarcity, serendipity and website quality significantly affected on the urge to buy impulsively and scarcity, serendipity, website quality and urge to buy impulsively significantly affected on online impulse buying. Keywords: scarcity, serendipity, website quality, urge to buy impulsively, online impulse buying, Manado
Analysis of Institutional Financial Management in Realizing Good Governance and Accountability of Financial Performance at Manado State University Freddy S. Kawatu; Ramon Arthur Ferry Tumiwa; Merry Natalia Rumagit; Nova Mamuaya
Journal of International Conference Proceedings (JICP) Vol 1, No 2 (2018): Proceedings of the 2nd International Conference of Project Management (ICPM) Gor
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (28.664 KB) | DOI: 10.32535/jicp.v1i2.254

Abstract

Long-term research objectives are new forms of innovation or models in financial management to realize good governance and accountability for financial performance at Manado State University. Demands for the management of public finance freely are the main problems that cannot be relied upon in clean government and good financial management (good governance) is an efficient, efficient and transparent financial capability. and accountable. In financial management the university work unit has been discussed in Law Number 17 of 2003 concerning State Finance and Government Regulation No. 39 of 2007 concerning Management of State Money. To find out how financial governance and financial performance accountability, can be used by using standard operating procedures, so that implementers can be used to facilitate, efficiently, transparently and accountably. This study aims to design a model or standard of financial procedures, as well as to measure the performance of financial management and accountability for financial performance at Manado State University. The plan of the research activity is to design a model or standard operating procedure in order to find out the results of institutional financial management and accountability of financial performance at Manado State University, so as to produce a product System or Operational Standards Procedures that can be directly carried out by the finance department executors. Keywords: Financial management, good corporate governance, accountability
Financial Statement Analysis of Manado State University Freddy S. Kawatu; Ramon A.F. Tumiwa; Cecilia Lelly Kewo
Journal of International Conference Proceedings (JICP) Vol 2, No 2 (2019): Proceedings of the 4th International Conference of Project Management (ICPM) Man
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v2i2.607

Abstract

Manado State University had applied Government Regulation No.71st 2010, but effectively in 2015. To understand the financial performance of the institution, financial statement during 2017 and 2018 could be examine and analyze with the realized budget. Quality financial statement have a trait that could be understand, relevant, comparable, and reliable. Other than that, quality of financial statement could be expressed with auditor’s opinion. Based on inspection result by Audit Board of the Republic of Indonesia at March 2017, there is a flaw in internal control system for drafting financial statement at Manado State University. Mainly on administrating and account for the financial administration, also the application of the Government Regulation No.71 article 4th and 7th2010 about accrual base government accounting standard still not optimal. The focus on this research is that how the financial statement present by Manado State University is suitable with Government Regulation No.71article 4th and 7th2010 about accrual base government accounting standard? And how is the internal control system in the drafting of financial statement at Manado State University?
Human Resource, Culture and Innovation as The Success Factors of The Coastal Tourism Community Objects Arie Frits Kawulur; Ramon Arthur Ferry Tumiwa; Merry Christie Natalia Rumagit
Journal of International Conference Proceedings (JICP) Vol 3, No 1 (2020): Proceedings of the 6th International Conference of Project Management (ICPM) Mal
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v2i4.778

Abstract

Currently the central government and government of North Sulawesi Province are actively doing implementation of infrastructure development, especially, infrastructure development which connects with coastal tourism area in North Minahasa regency, Indonesa. Therefore, it is necessary to look that impact on tourism and coastal community’s economics growth. This purposed of study were to analyze the factors of human resources, ‘Mapalus’ culture and technological and product innovations. Those factors indicated could strengthen the sustainability of community businesses around the coastal tourism at North Minahasa, North Sulawesi Province, Indonesia. The method was used in this research is a qualitative method. Data were collected with in-depth interview to several key informants and community business in the vicinity of North Minahasa Regency coastal tourism objects. The results showed that the factor of human resources play an important role in community entrepreneurship groups, such as ownership and business integrity. Research also figure out some business groups have not succeeded yet, even though they were supposed had enough knowledge, experience and skills due of some of them were the participants of entrepreneurship upgrading. The cultural value of ‘Mapalus’ were also always seen when the one group of fishermen go out to sea. However, from the research discover surprising result, the value of ‘Mapalus’ culture has been missing their noble value. That fact, seen from the cultural values has begun to erode due to the development of villages which are valued more with financial exchange. The technology and product innovation capabilities factors in the coastal areas are still low and need to be improved. The results indicate coastal business community need of presence of the expert assistants to increase technology and product innovation capabilities.
Pengaruh Struktur Modal, Kebijakan Dividen, dan Profitabilitas Terhadap Nilai Perusahaan Sektor Cycicals Yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2020 Meisin Savira Sorongan; Grace Soputan; Ramon A. F Tumiwa
Manajemen dan Kewirausahaan Vol. 3 No. 2 (2022): Manajemen dan Kewirausahaan
Publisher : Manajemen FEB Unima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53682/mk.v3i2.4107

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh struktur modal, kebijakan dividen dan profitabilitas terhadap nilai perusahaan sektor Cyclicals yang terdaftar di Bursa Efek Indonesia periode 2016-2020. Data yang digunakan dalam penelitian ini merupakan data sekunder dengan penelitian kuantitatif, alat analisis yang digunakan adalah analisis regresi data panel dengan model terpilih Fixed effect model serta menggunakan bantuan Eviews 12 untuk memperoleh gambaran yang menyeluruh mengenai hubungan antara variabel yang satu dengan variabel yang lain. Populasi dalam penelitian ini adalah 132 perusahaan sektor Cyclicals yang terdaftar di Bursa Efek Indonesia periode 2016-2020 dengan purposive sampling sebagai teknik pengambilan sampel dan sampel dalam penelitian ini adalah 18 perusahaan dengan total data observasi 90 data. Hasil penelitian menunjukan bahwa struktur modal (DER) berpengaruh tidak signifikan terhadap nilai perusahaan (PBV). Kebijakan dividen berpengaruh tidak signifikan terhadap nilai perusahaan (PBV). Profitabilitas (ROE) berpengaruh signifikan terhadap nilai perusahaan (PBV).   This study aims to determine and analyze the effect of capital structure, dividend policy and profitability on firm value of Cylicals sector listed on the Indonesia Stock Exchange for the 2016-2020 period. The data used in this study is secondary data with quantitative research type, the analytical tool used is panel data regression analysis with the selected Fixed effect model and using the help of Eviews 12 to obtain a comprehensive picture of the relationship between one variable and another variable. The population in this study were 132 Cylicals sector companies listed on the Indonesia Stock Exchange for the period 2016-2020 with purposive sampling technique and the sample in this study were 18 companies with a total of 90 observational data. The result showed that the capital structure (DER) has not significant effect on firm value (PBV). Dividend policy (DPR) has not significant effect on firm value (PBV). Profitability (ROE) has a significant effect on firm value (PBV).
Investigation of Determinants of Financial Distress in Manufacturing Companies Mulatsih, Listiana Sri; Dharmawan, Donny; Tumiwa, Ramon Arthur Ferry; Judijanto, Loso; Alfiana, Alfiana
International Journal of Artificial Intelligence Research Vol 8, No 1.1 (2024)
Publisher : STMIK Dharma Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29099/ijair.v8i1.1.1323

Abstract

Financial distress refers to a continuous decline in a company's financial performance, necessitating prediction and mitigation. It typically begins with the company’s inability to meet its short-term obligations, signaling a deterioration in financial condition. This study aims to examine the effects of Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) on financial distress, with company size serving as a moderating variable. The research employs regression analysis and quantitative methods, focusing on manufacturing firms listed on the Indonesia Stock Exchange that consistently published financial reports from 2020 to 2023. Using purposive sampling, the study selected 40 samples from 10 companies, with data analyzed through Partial Least Squares-Structural Equation Modeling (PLS-SEM). The findings reveal that ROA significantly impacts financial distress, while CR and DER have no such effect during the observed period. Furthermore, company size moderates the relationship between ROA and CR with financial distress but does not moderate the influence of DER on financial distress. These results provide managerial implications, serving as indicators for corrective actions to prevent financial distress or potential bankruptcy in manufacturing companies
Working Capital and Debt Policy on Profitability of The Companies Lumapow, Lihard Stevanus; Tumiwa, Ramon Arthur Ferry
International Journal of Accounting and Finance in Asia Pasific (IJAFAP) Vol 3, No 2 (2020): June 2020
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v3i2.832

Abstract

Profitability is a measure of a company's success in making a profit. The objectives of this study are: (1) to test and analyze whether profitability is affected by working capital, and (2) to test and analyze whether profitability is affected by debt policy. This research uses quantitative research methods, using a sample of 12 automotive and components companies listed on the Indonesia Stock Exchange in 2012 to 2017 with a purposive sampling technique. The analysis technique in this study uses panel data with multiple regression. The results obtained indicate that working capital has a negative and not significant effect on profitability, as well as debt policy variables have a negative but not significant effect on profitability.
Pengaruh Kualitas Pelayanan dan Kepuasan Pada Loyalitas Pelanggan Pada Nasabah Perbankan di Kabupaten Minahasa Selatan Kereh, Natalia Priska; Tumiwa, Ramon; Pandowo, Aditya
Manajemen dan Kewirausahaan Vol. 1 No. 1 (2020): Manajemen dan Kewirausahaan
Publisher : Manajemen FEB Unima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53682/mk.v1i1.476

Abstract

Penelitian ini bertujuan untuk mengetahui besarnya pengaruh kualitas pelayanan dan kepuasan nasabah terhadap loyalitas Pada perbankan yang ada di Kabupaten Minahasa Selatan Metode penelitian menggunakan metode kuantitatif dan teknik sampling Populasi dalam penelitian ini adalah Nasabah yang ada pada perbankan di Minahasa Selatan Jadi dalam penelitian ini mengambil sampel sebanyak 75 sampel Teknik pengumpulan data yang digunakan yaitu dengan menggunakan kuisioner yang telah dikali uji validitas dan reabilitasnya observasi langsung dan wawancara Metode yang digunakan didalam penelitian ini yaitu analisis regresi linear Berganda Hasil penelitian menunjukan bahwa variabel bebas kualitas pelayanan dan kepuasan terhadap variabel terikat loyalitas memiliki kontribusi sebesar 64 1 sedangkan sisanya sebesar 35 9 dipengaruhi oleh variabel atau faktor lain yang tidak diuji dalam penelitian ini Ini menunjukan bahwa variabel bebas berpengaruh terhadap variabel terikat< p>
Pengaruh Kupon Obligasi Likuiditas Obligasi Profitabilitas Terhadap Imbal Hasil Obligasi Korporasi Yang Terdaftar di Bursa Efek Indonesia Periode 2014 2019 Mokoagouw, Meriska Margaretha; Tumiwa, Ramon A. F; Lumapow, Lihard S.
Manajemen dan Kewirausahaan Vol. 2 No. 2 (2021): Manajemen dan Kewirausahaan
Publisher : Manajemen FEB Unima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53682/mk.v2i2.1061

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh kupon obligasi likuiditas obligasi profitabilitas terhadap imbal hasil obligasi korporasi yang terdaftar di Bursa Efek Indonesia periode 2014 2019 Imbal hasil yang diterima investor dari investasi obligasi selalu berfluktuasi Data yang digunakan merupakan data sekunder dengan jenis penelitian yang bersifat kuantitatif alat analisis yang digunakan adalah analisis regresi data panel dengan model Random Effect serta menggunakan bantuan Eviews 10 untuk memperoleh gambaran yang menyeluruh mengenai hubungan antara variabel satu dengan variabel yang lain Populasi dalam penelitian ini adalah 138 perusahaan yang menerbitkan obligasi korporasi dengan 1165 obligasi dalam yang terdaftar di Bursa Efek Indonesia tahun 2014 sampai tahun 2019 dengan purposive sampling sebagai metode pengambilan sampel Hasil penelitian menunjukan bahwa kupon obligasi CPN berpengaruh positif dan signifikan terhadap Imbal Hasil Obligasi YTM dengan koefisien sebesar 324 0467 dan nilai signifikansi sebesar 0 0008 Likuiditas obligasi FR berpengaruh negatif dan tidak signifikan terhadap Imbal Hasil Obligasi YTM dengan koefisien sebesar 0 001973 dan nilai signifikansi sebesar 0 2991 Profitabilitas ROA berpengaruh negatif dan tidak signifikan terhadap Imbal Hasil Obligasi YTM dengan koefisien sebesar 0 018929 dan nilai signifikansi sebesar 0 5279 Kata Kunci : kupon obligasi likuiditas obligasi profitabilitas imbal hasil obligasi < p>